Global FRP Rebar Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027

FRP Rebar Market Report offers in-depth insights, revenue details, and other vital information regarding the global FRP rebar market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027.

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The FRP Rebar Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.

The global FRP rebar market report has been segmented on the basis of resin type, fiber type, application, and region.

FRP Rebar Market Overview:

FRP Rebar Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.

FRP rebars are utilized commonly in highways, buildings, and bridge applications, owing to their superior strength-to-weight ratio considerably exceeding that of any traditional rebar.

Department of Transportation (DoT) in the US and Canada use FRP rebars for bridges, highways, and building construction.

FRP rebars are primarily used for construction of the new bridges and for the restoration of functionally obsolete or structurally deficient bridges.

FRP rebars exhibit various properties, such as brilliant corrosion resistance to fuels, heat resistance, resistance to vapors or chemicals, durability, and high tensile elongation strength.

In addition, in terms of fiber type, glass fiber rebar offers superior properties such as flexibility, strength, durability, lightweight, stability, as well as resistance to heat, moisture, and temperature.

FRP Rebar Market Dynamics:

Increasing demand for the FRP rebar across different end-use industries such as building and construction industries is a major factor expected to drive growth of the global FRP rebar market over the next few years.

In addition, increasing application scope in highways, bridges, and buildings construction industries is another key factor estimated to support revenue growth of the target market over the next 10 years.

In addition, various features offered by FRP rebars such as corrosion resistance to fuels, durability, resistance to chemicals, or vapors, high tensile elongation strength, heat resistance, and others are other factors expected to fuel the adoption of these products, which in turn to drive the growth of the target market over the forecast period.

Moreover, FRP rebar has various applications in a wide range of industrial sectors, which in turn is projected to drive the growth of the global market in the next few years.

FRP Rebar Market Region Analysis:

The North America FRP rebar market is estimated to account for a major share in terms of revenue in the global FRP rebar market.

In addition, the Asia Pacific market is projected to register faster growth in terms of revenue over the next 10 years, owing to increasing demand from construction and building and water treatment plants industries in the countries in this region.

In addition, increasing investments by private various manufacturers in the Asia Pacific region and growing demand from various end-use application industries are among other factors anticipated to drive the growth of the Asia Pacific market in the next few years.

The market in India is anticipated to account for a major share in terms of revenue in the Asia Pacific market.

Rising awareness regarding various properties offered by these materials among manufacturers in the countries in this region is another factor estimated to drive the growth of various end-use application industries, which in turn is projected to support revenue growth of the global market in this region.

Global FRP Rebar Market Segmentation:

Segmentation by resin type:

• Vinyl Ester
• Polyester
• Others

Segmentation by fiber type:

• GFRP (Glass Fiber Reinforced Plastic)
• BFRP (Basalt Fiber Reinforced Plastic)
• CFRP (Carbon Fiber Reinforced Plastic)

Segmentation by application:

• Highways, Bridges, & Buildings
• Water Treatment Plants
• Marine Structures & Waterfronts
• Others

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa